Quote Originally Posted by Danthetitan View Post
There we go, directors providing assumptions (presumptions) that they will raise capital, sell assets, get extensions, extensions, bail outs and concessions. How can those directors reasonably believe that the company will be able to perform its obligations when required to do so?
LOL...because they believe they are "special" and too big to fail. There's little doubt they received special treatment when they gained access to the extended GG scheme, (the audited accounts for the six months ended 31 December 2009 wern't even out when the Govt gave them entry) so clearly they believe a precedent has been set for future "kid glove" treatment.

Either that or they are AWOL from normal commercial relality...which to be fair I doubt due to the calibre of the Directors, so clearly they've been told by the Govt wink, wink, we will do everything possible in our "POWER" to look after you if you can please, please, please organise a racapitalization.